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Still a tenant’s market in the ‘burbs

With vacancy rates having fallen during five of the past six quarters, office leasing momentum is building (slowly) in the suburbs. But tenants still have the upper hand — and will for some time — JLL’s Eric Kunkel tells Crain’s Chicago Business:

“Landlords are realizing they’ve got to keep these guys. It’s too hard to find new tenants, and it’s expensive and time-consuming. We’re seeing some great deals on renewals because of that.”

JLL's Chicago blog offers expert insight on news and trends for owners, investors and tenants of commercial real estate. Learn more about our services and our professionals to see how they’ve helped clients throughout the Chicago area with their commercial real estate needs.

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